Acacia Research (NASDAQ:ACTG) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Acacia Research (NASDAQ:ACTG) from a hold rating to a sell rating in a report published on Tuesday morning.

Acacia Research Stock Down 0.9 %

Acacia Research stock opened at $4.19 on Tuesday. The company has a 50-day simple moving average of $4.34 and a 200-day simple moving average of $4.52. The firm has a market capitalization of $407.98 million, a P/E ratio of 7.91 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39. Acacia Research has a one year low of $3.92 and a one year high of $5.74.

Hedge Funds Weigh In On Acacia Research

Institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG bought a new position in Acacia Research in the 4th quarter valued at about $40,000. ProShare Advisors LLC bought a new position in Acacia Research in the 4th quarter valued at about $46,000. Atom Investors LP bought a new position in shares of Acacia Research during the 3rd quarter valued at about $56,000. Intech Investment Management LLC bought a new position in shares of Acacia Research during the 4th quarter valued at about $56,000. Finally, Raymond James Financial Inc. bought a new position in shares of Acacia Research during the 4th quarter valued at about $74,000. Institutional investors own 86.69% of the company’s stock.

Acacia Research Company Profile

Acacia is a publicly traded (Nasdaq: ACTG) company that is focused on acquiring and operating businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon.